Washington Mutual 1889 Posters and Art Prints
Seattle Posters and Art Prints
designed and sold by JCD666
The Great Seattle Fire destroyed the entire central business district of Seattle, Washington on June 6, 1889. Rising from the ashes like a phoenix on September 25, 1889, Washington Mutual was a sign of strength and resolve in a time of destruction and uncertainty. In 2007, a combination of subprime loans bundled as securities and sold on Wall Street to hungry investors, opaque financial derivatives that posed a systemic threat, an unsustainable housing boom, banking executives pulling fat bonuses to take on ever-more risk created the perfect recipe for disaster. By 2008, the Federal Reserve and the Treasury Department were pressuring WaMu to find a buyer to avoid an FDIC takeover, but WaMu pushed on, ultimately failing in September of 2008.
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